16 E Gabilan Street , Salinas, CA 93901
Salinas, CA 93901
Description
VNP Commercial is pleased to present the Sale of 16 E Gabilan St in Salinas, CA. The subject property is a historic 3-story Hotel built in 1930 in Oldtown Salinas situated on a 0.10 acre lot. The ground floor consists of two Retail spaces currently occupied by a restaurant operator and a coffee shop which occupy a total of approximtely 3,479 square feet. The 2nd and 3rd floors are a total of 32 rentable rooms plus 1 on-site manager apartment unit (2bd/1ba) for approximately 8,119 square feet. The building is located in an approved Opportunity Zone in which CA State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment (please verify with your tax professional). The building is also approved for the US Department of Labor H-2A program which provides agricultural workers housing accommodations. The Hotel is conveniently located in Oldtown Salinas near restaurants, shopping, nightlife, entertainment, and heavy foot traffic. Public transportation is within walking distance to nearby bus and train stations. Please call for current financials and pricing details.
Details
| Mls | ML81987355 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 14 |
| Listing Provided By | Villa Nueva Properties (831) 206-7832 | Joe Villanueva |
Features
| Sq Feet | 11,341 |
|---|---|
| Zoning | C-1 |
| Acreage | 0.10 |
Market Activity 93901
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Learn More About This Property
| State | CA |
|---|---|
| County | Monterey |
| City | Salinas |
| Zip Code | 93901 |
| Area | 699 Not Defined |
| Listing VS Median (in 93901) | |
Price: $4,200,000 low | high Med: $774,000 SqFt: 11,341 low | high Med: 2,043 $ / SqFt: $370 low | high Med: $379 On Site: 14 low | high Med: 62.000000 | |